Problem 7-06 As an equity analyst, you have developed the following return forecasts and risk estimates for two different stock mutual funds (Fund T and Fund U): Using only the data shown in the preceding table: Forecasted Return Fund T 7.0% Fund U 9.0 CAPM Beta 1.201 0.60 a. If the risk-free rate is 4.3 percent and the expected market risk premium (ie, E(R)-RFR) is 7.6 percent, calculate the expected return for each mutual fund according to the CAPM Mound your answers to two decimal places. Fund T Fund U